Arby's

4006 South Broadway Avenue, Tyler, TX 75701

$1,326,122

Cap Rate 5.75%

Views: 108 Updated: 10.28.23 Posted: 10.28.23 Status: Inactive

Summary

Price $1,326,122	Built/Renov 1980	Tenant Arby's
Cap Rate 5.75%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,761	Lease Start 12-29-2015	#Units 230
Price/SF $480.30	Expiration 12-31-2035	Tenant Type Fast Food/QSR
NOI $76,252	R. Term 11.1	Ownership Fee Simple
Rent/SF $27.62	Increases 1.8%/1/yrs	Pop 5Mi 112,021
Lot/AC 0.69	Options 4/5yrs/1.75%	AHHI 5Mi $92,191

Lease Highlights

Arby’s has operated at this site for over 36 years
Arby’s absolute NNN lease features 12+ years of term remaining with 4 (5-year) renewal options | No Landlord obligations
The lease boasts rare 1.75% annual increases throughout the term and renewal options
This location is operated by Turbo Restaurants, a part of Sun Holdings Inc—which currently operates 230 Arby’s throughout TX

Location Description

Arby’s is strategically located along South Broadway Avenue (41,955 VPD), where it is a quarter mile north of its intersection with Loop 323 (44,019 VPD). The property is across from the 80,000-square-foot Rose Plaza, which is anchored by Sprouts Farmers Market. Additional retailers in the immediate vicinity include Ollie‘s Bargain Outlet, AutoZone, O’Reilly Auto Parts, IHOP, Raising Cane’s,...

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Key Features

In location for years
Dense retail corridor
Strategically located
Highway close
Strong demographics
Income tax free state
Absolute NNN
Annual rent increases
Top franchise operator
Credit rated company

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Links

Arby's Wikipedia Arby's Wikipedia Tyler, Texas Zip Code 75701 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Arby's
Guarantor:Franchisee
Company:Turbo Restaurants
# Units:230
Tenant S&P: B+
Moody’s: B2
Stock:Private

About Tenant

Arby’s is an American fast food sandwich restaurant chain and the first nationally franchised sandwich restaurant brand. Founded in 1964 in Boardman, OH, the chain is well known for slow roasted,...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	7,196	69,168	113,566
2023 Total Population :	7,172	68,687	112,021
2023 Employed Civilian Pop :	3,630	33,736	53,803
2023 Total Businesses :	836	4,430	6,452
2023 Average Household Income :	$ 115,051	$ 91,496	$ 92,191
2023 Total Consumer Spending :	$ 297 M	$ 2274 M	$ 3579 M
2023 Median Age :	49	37	36
2023 Total Households :	3,015	28,567	44,594
2023 Pop Age 25+: Bachelor's Degree :	1,818	11,468	17,078
2023 Average Home Value :	$ 285,015	$ 273,828	$ 271,415

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
South Broadway Avenue	Winchester Dr	2020	25,398	0.05 mi
South Broadway Avenue	University Pl	2021	26,133	0.05 mi
Donnybrook Ave	Brookwood Dr	2013	2,745	0.22 mi
East Southeast Loop 323	Southpark Dr	2021	34,023	0.28 mi
East Southeast Loop 323	S Broadway Ave	2020	28,658	0.28 mi
Old Bullard Road	Rudman Rd	2021	6,515	0.31 mi
State Hwy 323	Old Bullard Rd	2013	43,324	0.31 mi
S Broadway Ave	E Amherst St	2013	29,973	0.31 mi
South Broadway Avenue	Hwy 323	2020	35,071	0.32 mi
Copeland Rd	Fry Ave	2013	4,331	0.37 mi

Listing Broker

Chris Bosworth

CBRE: NLPG Atlanta

Contact

133 Listings
15590 Views
62 Sold

Brian Pfohl

CBRE: NLPG Atlanta

Contact

132 Listings
15761 Views
60 Sold

Chris Bosworth

Chris Bosworth is a Vice Chairman and Managing Director of the CBRE Net Lease Property Group and Corporate Capital Markets practice. Mr. Bosworth’s focus is to advise institutions, private equity firms, REITs, developers and corporate users regarding all facets of net-leased properties. In his career, Mr. Bosworth and his partners, Will Pike and Brian Pfohl, have been responsible for the disposition of 3,900 transactions valued in excess of $29 billion. Mr. Bosworth and Mr. Pike co-head the

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Brian Pfohl

Brian Pfohl is an Executive Vice President with CBRE’s Net Lease Property and Corporate Capital Markets practice groups. Mr. Pfohl’s singular focus is to advise corporate users, institutions, private equity firms, REITs, developers, and private individuals regarding all facets of net-leased properties. Mr. Pfohl’s expertise stems from the myriad of sale-leaseback transactions, net lease investment sales, programmatic portfolio dispositions, and advisement assignments he has completed throughout

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Thomas Carr

CBRE: NLPG Atlanta

Contact

135 Listings
15747 Views
63 Sold

Thomas Carr

Thomas Carr is an Senior Investment Sales Analyst with CBRE’s Net Lease Property Group. As a member of the team led by Chris Bosworth and Will Pike, Mr. Carr plays an integral role in all aspects of the group’s property valuation, underwriting, and marketing efforts. He is also actively involved in marketing the team’s disposition assignments, specializing in single-tenant assets, national net-lease portfolios, and corporate sale-leasebacks, as well as advising 1031 exchange buyers. Mr. Carr

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